Question: Can you explain this general accounting question using accurate calculation methods? In 2023, North Peak Outfitters purchased 18,000 units from its supplier at a cost

Can you explain this general accounting question using accurate calculation methods?

In 2023, North Peak Outfitters purchased 18,000 units from its supplier at a cost of $20 per unit. North Peak sold 14,000 units of its product in 2023 at a price of $42 per unit. The company began 2023 with $900,000 in inventory (inventory is carried at a cost of $20 per unit). Using this information, compute North Peak's gross profit for 2023

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